Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Winspear Resources -- Ignore unavailable to you. Want to Upgrade?

To: Rick W. who wrote (11348)	1/9/1999 12:30:00 PM
From: teevee	Read Replies (1) \| Respond to of 26850

Hi Rick, As I have stated before, markets are for satisfying buyers and sellers, and hind sight is 20-20. The higher Winspear's share price goes, the more volitility and outright "market viciousness" there will be-already, there is significant money trading hands every trading day. So far though, the action is nothing compared to the internet mania down south. Something called Broadcast.com up $65.00 yesterday. IMO, Winspear, from a market perspective, is in its infancy and has a long long way up to go-in other words, a short sellers worst nightmare. teevee

To: Rick W. who wrote (11348)	1/9/1999 1:12:00 PM
From: John Paquet	Read Replies (2) \| Respond to of 26850

Hey! Rick; To tell the true; I hope [not wish] that every penny stock would work out to the eternal objective [to become a mine ] so everyone of us playing this penny stocks could go and visit that fantasic Pacific Islands and Resorts. However; unrealistic expectations will have to pay the consequence of ruins of this kind of dream. In order to for our WSP to support this $4.00 - $5.00 prices level to make sense in historical terms of mining economic values, everything has to go very very well INCLUDING THAT GOOD RESULTS FROM THAT BULK SAMPLING. Where is the data [ bulk sample results ]from last NR????? It is missing; ISN'T IT?????? I am very surprised that our BULLISH WSP boys has FALLACIES about that pots and pans theory and the prices will go up forever. As a results of this; I see price volatile in the weeks to come and this causes much concerns. In the chart reading; our WSP although it had a nice rebounce; closed at $4.10 up .36, but it is still in a mode of down trend correction; not even returned that 50% retracement level computing as follows: OUr WSP went down from the peak of $4.85 down to $3.65 $4.85 - $3.65 = $1.20 50% of $1.20 = .$60 50% retracement level is $3.65 + $.60 == $$4.25 OUR WSP did touch that $4.20 then down she goes to $4.10 at close Next week; I see our WSP resume it down trend and head SOUTH to closed that Gap $3.50 etc...... I am not kidding you at all. John Paquet